Weekly

June 26th

Today's amplitude interval

The Bank of England unexpectedly raised interest rates by 50 points, but the market is worried that the aggressive interest rate hike by the Bank of England will trigger the possibility of a recession in the UK.

The dollar ended up falling; On the other hand, US Federal Reserve Chairman Powell said exactly that there are still two interest rate hikes this year. Although American manufacturing

The data performance is different from the market budget, but the overall data is still strong. Unless the consumption data shows a reversal, the price of gold will still be under pressure, which is easy to fall and difficult to rise.

Today's suggested volatility ranges from $1912 to $1930.

    
Last week, the People's Bank of China announced that it would cut the quoted interest rate of the loan market by 10 points. The central bank of China lowered the interest rate mainly to stimulate the economy in the post-epidemic era.

On the one hand, this interest rate cut shows that the mainland economy has not yet recovered, and US President Biden suddenly called Chinese President Xi Jinping a dictator, and then

The relationship between the two sides is deadlocked, and Sino-US relations definitely affect the development of the global economy; The FOB price of RMB weakened and once again fell below the conversion price of 7.2 USD.

The Hang Seng Index fell for four consecutive days, and fell below 19,000 points to close at 18,890 points. In a week, the Hang Seng Index fell by 1,150 points or 5.74%.     

After European Central Bank President Lagarde said that the European Central Bank is likely to continue to raise interest rates in July, and members of the European Central Bank Executive Committee put on an eagle and said the euro.

The inflation rate in the region may exceed the forecast value, indicating that it is better to raise interest rates too much than too little. In addition, the Bank of England unexpectedly raised interest rates by 50 points.

China has risen to the highest level in the past 15 years, raising the interest rate to 5.% since September 2008. After the Bank of England announced a rate hike, the pound was against the US dollar.

Once approaching the annual high, but the market soon focused on the possibility that excessive interest rate hikes would trigger a recession in the UK, and the pound fell against the US dollar.

The three major European stock markets fell last week, with Germany's DAX index falling by 3.23%, France's Paris CAC index falling by 3.25% and Britain's FTSE 100 index falling.

2.37%。

Last week, US Federal Reserve Chairman Powell made a speech in Congress for two consecutive days. The Federal Reserve will try to avoid excessive interest rate hikes, but this year it will increase twice.

Interest rate is still an appropriate measure, and the US manufacturing purchasing managers index is worse than expected, and the market is worried about the US economic downturn; To sum up a week, Wall Street

The three major indexes fell across the board, with the Dow Jones index down 1.67%, the Standard & Poor's 500 index down 1.47% and the Nasdaq Composite Index down 1.28%.

The market is concerned about the speech made by US Federal Reserve Chairman Powell in Congress. He clearly distributed hawkish words to the market, although the bureau tried to avoid excesses.

Raising interest rates, but it is still appropriate to raise interest rates twice this year! The gold market is under pressure, and the Bank of England unexpectedly raised interest rates by 50 points, but the market bears the burden

Worried that the aggressive interest rate hike by the Bank of England will trigger the possibility of British economic recession, the pound will end up falling against the dollar; The price of gold fell below $1,920, the lowest ever.

See $1910.2, the highest price of gold reached $1958.8 last week, and closed at $1921.3 on Friday, down $36.3 in a week.

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